Bills Digest No. 162 1999-2000
New Business Tax System (Alienated Personal Services Income) Tax Imposition Bill (No. 1) 2000
WARNING:
This Digest was prepared for debate. It reflects the legislation as introduced and does not canvass subsequent amendments. This Digest does not have any official legal status. Other sources should be consulted to determine the subsequent official status of the Bill.
CONTENTS
Passage History
Purpose
Background
Main Provisions
Endnotes
Contact Officer & Copyright Details
New Business Tax System (Alienated Personal Services Income) Tax Imposition Bill (No. 1) 2000
Date Introduced: 13 April 2000
House: House of Representatives
Portfolio: Treasury
Commencement: Royal Assent
To impose formally a tax on an individual's liability relating to the alienation of personal income.
The present Bill is introduced in conjunction with the New Business Tax System (Alienation of Personal Services Income) Bill 2000. Background to the Government's proposal appears in the accompanying Digest.(1)
This Bill is necessary to satisfy the requirements of section 55 of the Constitution which states, in part that:
Laws imposing taxation shall deal only with the imposition of taxation, and any provisions therein dealing with any other matter shall be of no effect.
To meet this requirement, it is necessary to have a separate Bill that imposes a tax formally, while the assessment and administration of the tax is dealt with in another Bill.
Clause 3 will impose a tax assessed under proposed section 86-15 of the Income Tax Assessment Act 1997.
1 See Bills Digest no. 161 1999-2000.
Chris Field
9 May 2000
Bills Digest Service
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ISSN 1328-8091
© Commonwealth of Australia 2000
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Published by the Department of the Parliamentary Library, 2000.
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